Digital Transformation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Digital Transformation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • December 2021 •
  • 145 pages •
  • Report ID: 6197607 •
  • Format: PDF
The global digital transformation market exhibited strong growth during 2015-2020.

Looking forward, the analyst expects the market to grow at a CAGR of around 20% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Digital transformation refers to the organizational, operational and cultural change of an enterprise, industry or ecosystem through the integration of digital technologies. It involves the use of advanced technologies, such as robotics, 3D printing, artificial intelligence (AI) and additive manufacturing. Digital transformation is implemented through on-site or cloud software, hardware upgrades and digital experience platforms (DEP). These solutions aid in optimizing the process and competencies of the organization by digitally streaming the operations and improving the brand’s reputation, customer experience and client retention ratios. As a result, digital transformation finds extensive applications across various industries, including banking, financial services and insurance (BFSI), healthcare, information technology (IT), retail and transportation.

Digital Transformation Market Trends:
The global digital transformation market is primarily driven by rapid digitization and automation of various business processes. Small, medium and large-scale enterprises are increasingly adopting digital transformation solutions to gain a competitive edge and respond to the consumers in real-time. Moreover, widespread adoption of industrial robots and the advent of Industry 5.0 for enhancing the efficiency of smart factory systems is providing a thrust to the market growth. Additionally, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT) and cloud computing solutions, are acting as other growth-inducing factors. These connected and data-rich technologies are embedded into the business operations that facilitate the enterprise to take actionable steps for improved and effective customer engagements. Other factors, including the increasing utilization of wireless communication technologies, along with extensive infrastructural developments, especially in the developing economies, are anticipated to drive the market toward growth.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global digital transformation market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, deployment mode, enterprise size and end use industry.

Breakup by Type:
Cloud Computing
Social Media
Professional Services
Integration and Implementation

Breakup by Deployment Mode:

Breakup by Enterprise Size:
Large Enterprises
Small and Medium-sized Enterprises

Breakup by End Use Industry:
Manufacturing and Retail
IT and Telecom

Breakup by Region:
North America
United States
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accenture PLC, Adobe Inc., Capgemini SE, Cognizant, Dell Technologies Inc., Google LLC (Alphabet Inc.), Hewlett Packard Enterprise Company, International Business Machines Corporation, Marlabs Inc., Microsoft Corporation, Oracle Corporation, SAP SE, and Siemens AG.

Key Questions Answered in This Report:
How has the global digital transformation market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global digital transformation market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the deployment mode?
What is the breakup of the market based on the enterprise size?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global digital transformation market and who are the key players?
What is the degree of competition in the industry?